TPG RE Finance Trust, Inc. Declares Quarterly Dividend of $0.24 (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Friday, September 27th will be paid a dividend of 0.24 per share on Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date is Friday, September 27th.

TPG RE Finance Trust has decreased its dividend payment by an average of 13.0% annually over the last three years. TPG RE Finance Trust has a dividend payout ratio of 86.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect TPG RE Finance Trust to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 95.0%.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $8.64 on Thursday. The company has a 50-day simple moving average of $8.77 and a two-hundred day simple moving average of $8.42. TPG RE Finance Trust has a 12-month low of $4.64 and a 12-month high of $9.66. The firm has a market cap of $698.83 million, a price-to-earnings ratio of -5.50, a PEG ratio of 0.25 and a beta of 2.19. The company has a quick ratio of 154.59, a current ratio of 154.59 and a debt-to-equity ratio of 2.13.

Analyst Ratings Changes

Several brokerages recently weighed in on TRTX. BTIG Research restated a “buy” rating and set a $11.00 target price on shares of TPG RE Finance Trust in a report on Friday, July 19th. JMP Securities raised their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.